Lecap Asset Management Ltd. Purchases Shares of 13,472 Bunge Global SA (NYSE:BG)

Lecap Asset Management Ltd. purchased a new stake in shares of Bunge Global SA (NYSE:BG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,472 shares of the basic materials company’s stock, valued at approximately $1,302,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BG. Wellington Management Group LLP grew its holdings in Bunge Global by 15.0% during the fourth quarter. Wellington Management Group LLP now owns 25,739 shares of the basic materials company’s stock valued at $2,598,000 after purchasing an additional 3,366 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Bunge Global in the first quarter worth $221,000. RFG Advisory LLC grew its stake in shares of Bunge Global by 3.9% in the first quarter. RFG Advisory LLC now owns 2,589 shares of the basic materials company’s stock worth $265,000 after acquiring an additional 96 shares during the last quarter. Janiczek Wealth Management LLC grew its stake in shares of Bunge Global by 550.0% in the first quarter. Janiczek Wealth Management LLC now owns 1,092 shares of the basic materials company’s stock worth $112,000 after acquiring an additional 924 shares during the last quarter. Finally, Capital Insight Partners LLC grew its stake in shares of Bunge Global by 53.5% in the first quarter. Capital Insight Partners LLC now owns 7,949 shares of the basic materials company’s stock worth $815,000 after acquiring an additional 2,771 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Down 0.4 %

Shares of NYSE BG opened at $88.99 on Thursday. The stock has a market cap of $12.60 billion, a PE ratio of 7.17 and a beta of 0.64. The business has a fifty day moving average of $97.10 and a two-hundred day moving average of $102.65. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $114.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 2.03.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.06). Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The company had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the business posted $3.72 earnings per share. The firm’s revenue was down 12.0% compared to the same quarter last year. As a group, equities research analysts expect that Bunge Global SA will post 9.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.